POLYCAB AIMS TO INCREASE ITS MARKET SHARE

摘要

In first half of FY20, Polycab has done well to stand tall against the prevailing economic conditions to achieve a 20 per cent y-o-y revenue growth and 28 per cent y-o-y growth in EBITDA. Going forward, I expect the latest announcement of corporate tax rate cut will take some time to translate into real benefits with demand picking up only by fourth quarter of FY20. This year demand is likely to be driven by infrastructure projects. Talking about the future, we will continue to work on enhancing and strengthening our leadership position in wires and cables by increasing our geographical penetration and providing customised solutions to customer's problems. Our strategy is to expand our market share by targeting key growth sectors such as mining, oil and gas, shipping, power, renewables, infrastructure, construction, automotive, telecommunication. We are continuously working on increasing the coverage of channel finance for our distributors and also rationalising our inventory levels to optimally meet our customer requirements and thereby reducing the financing cost.